This assignment is designed to assess learning outcomes:1. Critically analyze current issues in banking using, as a basis, the framework developed in 226ECN at Level2. Identify and discuss academic literature as it applies to current issues in banking3. Undertake a more in-depth assessment of the issues using more advancedmethodologies gained from recent contributions to the academic literature4. Make use of databases to identify and assess, quantitatively, issues discussed in themoduleThis assignment is an individual assignment.This assignment requires you to write a report on the following topic:There have been numerous financial crises around the world throughout the modern history. The most recent one is the crisis that started in 2008 which is considered the worst economic disaster since the Great Depression of 1929. The crisis was the result of a sequence of events, each with its own trigger and culminating in the near collapse of the banking system. Two major investment banks, Lehman Brothers and Bear Stearns, collapsed under the weight of their exposure to subprime debt, and more than 450 banks failed over the next five years.
